NY regulator vows to investigate Apple Card for sexist bias

NY regulator vows to investigate Apple Card for sexist bias

A New York regulator is investigating Goldman Sachs for possible sex discrimination in the way it sets credit limits. The investigation follows a series of tweets by entrepreneur and web developer David Heinemeier Hansson about algorithms used for the Apple Card, which Goldman Sachs manages in partnership. Hansson said the card offered him a credit limit 20 times greater than it gave to his wife.

Kathy
Kathy
Dr. Respect
Dr. Respect 5 months

apple cards are *shuffles socialism buzzword deck* "sexist"

Roadhog
Roadhog 5 months

When an anecdote is evidence of intrinsic discrimination. When Stupid Twitter Land becomes real life. New York regulators - they're not sending their best and brightest.

DScott
DScott 5 months

When the left eats itself

HueHueo Suezo
HueHueo Suezo 5 months

Maybe your wife just sucks at managing credit, and her credit report reflects that.

IDWFTW
IDWFTW 5 months

Let me guess: rich white girls who have daddy pay for everything in their lives wanted to get the cool, hip new Apple Card to show to their friends but since daddy pays for everything they have no credit score and they got denied.

Frederic Lück
Frederic Lück 5 months

Maybe his wife doesnt work and gets a smaller limit because of that

Lord Baktor
Lord Baktor 5 months

Viral tweets don't mean shit to regular people. Please, stop creating news around them.

Jerry Mandering
Jerry Mandering 5 months

If you think credit score alone is what sets your credit rating you are not looking at the whole story. This is another “gender pay gap” type story where the knee jerk reaction is sexism, delve a little deeper and you may find this anecdote has not only a good explanation, other than sexism but it is just that, an anecdote not statistic.

TheWeakMinded
TheWeakMinded 5 months

So they did not disclose the income difference? You know, one of the highest factors in a credit line... They do not care if you share an income while married because divorce exists...

الأكبر فادي
الأكبر فادي 5 months

last time I checked algorithms don't care about your feelings... there are many different factors involved then just "iT a WoMex mUsT LoWer... M3n mUsT RAisE" .... ignorance

6Million$Mansplainer
6Million$Mansplainer 5 months

The price tag on these social media finger-point investigations is going to start adding up.

Indo
Indo 5 months

seems people will do anything for something. this is only a small piece of the pie they can eat into. and as yet none can do nothing about it

Aussie
Aussie 5 months

"Any algorithm that intentionally or not results in discriminatory treatment of women or any other protected class violates New York law" I love the "or not" part. Any algorithm that picks up on inherent differences in male and female behaviour in any way is now sexist and illegal in New York. No clue if the algorithm they're talking about actually has reasons for this supposed bias, but even if it's accidentally biased it's illegal. Would expect nothing less from that state.

Tsila Noitan (Backer)
Tsila Noitan (Backer) 5 months

breaking: Victoria's secret investigated for providing different products and sizes for women

Tim S
Tim S 5 months

It sounds like the algorithm that calculates the increase in credit limit factors personal income. Thus, a stay at home mom with no salary is not given the same credit bump as the breadwinner husband. Wouldn't calling this sexist, be a sexist thing to say, as that implies that women cannot be the breadwinner of the household. edit: correcting auto correct's mistakes.

Jason Culligan
Jason Culligan 5 months

Notice how nobody in these stories is willing to state ether their own or their spouses income? Manufactured outrage once again.

Tsila Noitan (Backer)
Tsila Noitan (Backer) 5 months

for 200000years humanity is fine with women being different from men. then a dna mutation caused by administration of mmr vaccine creates a new hominid and Homo Wokeus is born.

Joseph Wilson
Joseph Wilson 5 months

What's his wife's credit history and spending habits? Maybe she's a higher default risk then him. Or they're targeting women cause they hate women, blah blah, mysogyny, blah blah.

Wholly
Wholly 5 months

You do understand that the credit offered is based on MATH, HISTORY and STATISTICS, not FEELS?

innatelyalone
innatelyalone 5 months

must've been born with a silver spoon then bud. I've been denied loans with a 720 score because my income and debt to income ratios were too high. you can have a great score and still be not given shit from a bank. fucking privilege

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